Examlex
What are the three substitutes for leadership?
Business Cycle
The cyclical fluctuations in economic activity that an economy experiences over a period of time, including periods of expansion and contraction.
Last Recession
The most recent period of significant decline in economic activity spread across the economy, lasting more than a few months, typically visible in real GDP, real income, employment, industrial production.
Month/Year
Month/Year typically denotes a specific point in time, used for referencing, scheduling, and historical data compilation, often in the format MM/YYYY.
Deflation
A decrease in the general price level of goods and services, often indicating a contraction in the amount of money or credit available in the economy.
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